Singapore Court Orders Multichain to Pay Fantom Foundation $2.19 Million

Quick Summary:

The High Court of Singapore has awarded Fantom Foundation Ltd.damages totaling $2.19 million in a case against Multichain Foundation Ltd.and Multichain Pte Ltd.

This ruling followed a default judgment due to Multichain’s failure to deliver 4.175 million FTM tokens or their equivalent value.

Singapore Court Rules in Multichain Case Fantom Foundation Ltd.

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Article Details

Author / Journalist: Kevin Helms

Category: Crypto

Markets: JapanSingapore

Topics: Legal Fandom foundation Singapore High Court Cryptocurrency Crypto Fantom Court cases Crypto cases

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-10 @ 00:31:50 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Article Length: 9 words

Reading Time: 1 minutes read

Sentences: 1 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 21559309

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 12 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 10 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #62

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